Optus – or at least a significant share of it – could be offloaded to a private equity firm in a deal worth up to $18 billion.
Singtel, the company’s Singapore-based owner, is reportedly discussing a sale of Australia’s second-largest telco with Canadian asset manager Brookfield – a move that, if it goes through, could spark a price war that would benefit Australian customers.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
“In the short term they probably will create a price war because they know they can grab market share really quickly,” he added.
However, any such deal is still likely a fair way away.
“Yes, they’re in ‘advanced talks’, but advanced talks does not mean a deal,” Lucas said.
Source: 9news
Can’t stop reading? Read more
Main Capital targets $5bn fundraise and continuation vehicle growth amid renewed LP appetite
Main Capital targets $5bn fundraise and continuation vehicle growth amid renewed LP appetite Main...
Blackstone taps private credit market for £1.1bn Clarion dividend recap
Blackstone taps private credit market for £1.1bn Clarion dividend recap Blackstone’s Clarion...
Apollo- and Vistria-backed University of Phoenix owner jumps 19% in $1.35bn NYSE debut
Apollo- and Vistria-backed University of Phoenix owner jumps 19% in $1.35bn NYSE debut Phoenix...